Fact Finder, disruptive technology is happening in the area of health as well as AI.
What the Market Overlooked in 2022 with Cathie Wood of ARK Invest who Invest Solely in Disruptive Innovation.
Cathie talks about what happened last year in truly disruptive innovation. How much happened on the innovation front is astonishing. Disruptive stocks were penalised because they were investing aggressively and they are doing so because the opportunities associated with the five major platforms around which ARK centres its research are ready for prime time They are taking off.
- Multi-ohmic sequencing (DNA sequencing)
- Robotics
- Energy storage
- Artificial Intelligence
- Blockchain technology
29 min The winners are going to be those companies who are spending aggressively now, especially with AI.
36 min If we were in a bull market for growth stocks innovation portfolios would be soaring on the type of news I’m about to give you.
36 min A 12 year-old girl in the UK at a cancer research hospital had tried dozens of therapies and there was nowhere else to turn so they used base editing on her particular type of leukaemia and seven months later she is cancer free. We are in the early days of base editing. Here is another example of a functional cure. The clip was on BBC.
40 min We also have more than 75 patients with sickle cell disease and beta thalassemia. The first man with beta thalassemia who used to go to the hospital 17 times a year for blood transfusions, and I think he has hit two years now and not had a blood transfusion, so functional cures are happening.
42.50 min We already know that Chat GPT is scoring better than the SATs. (The SAT is a standardized test widely used for college admissions in the United States.)
47.31. Tasha and I took rides in Cruise Automation in San Francisco in November December. Now they are entering Austin and Phoenix. It took them nine years to perfect San Francisco. It took them 90 days to move into Austin and Phoenix.